[TX Only] First Service Credit Union $250 Checking Bonus

Offer at a glance

• Maximum bonus amount: $250
• Availability: TX Only
• Direct deposit required: Yes, $1,000+ per month for three months 
• Additional requirements: None
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: $15, six months
• Household limit: None listed
• Expiration date: None

The Offer

Direct link to offer

• First Service Credit Union is offering a $250 bonus when you open a new checking account and bonus broken down as follows.
  • First Service will deposit $50 after the first month in which a total of $1,000 or more in Qualifying Direct Deposits is received
  • $75 will be deposited after the second month in which a total of $1,000 or more in Qualifying Direct Deposits is received
  • $125 will be deposited after the third month in which a total of $1,000 or more in Qualifying Direct Deposits is received

The Fine Print

• First Qualifying Direct Deposit must be received into the member’s account within 60 days successful enrollment. First Service will deposit $50 after the first month in which a total of $1,000 or more in Qualifying Direct Deposits is received; $75 will be deposited after the second month in which a total of $1,000 or more in Qualifying Direct Deposits is received; $125 will be deposited after the third month in which a total of $1,000 or more in Qualifying Direct Deposits is received.
• Qualifying Direct Deposits are defined as deposits from an enrolled member’s employer, payroll provider, benefits provider, pension, or the government (such as Social Security) via ACH deposit. External ACH transfers not from employers, verification or trial deposits from financial institutions, peer-to-peer transfers from services such as PayPal, Cash App, or Venmo, mobile check deposits, cash loads or deposits, and any deposit which First Service deems to not be legitimate are not Qualifying Direct Deposits. An ACH direct deposit made available early with Early Payday does not count toward the bonus requirements until it posts to your account and is no longer pending (e.g. the pay date scheduled by your payer).
• Limit $250 in bonus payouts per member. Certain restrictions may apply.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

They offer a free checking account with no monthly fees.

Early Account Termination Fee

$15 fee if closed within 6 months

Our Verdict

Slightly annoying that you need three months of direct deposits for the full bonus and we aren’t sure what work arounds will work (if any). If anybody goes for it, share your experiences below.

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